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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Tuesday newspaper round-up: Wilko, energy prices, pension contributions

(Sharecast News) - A rescue deal to save the majority of Wilko's stores has been put at risk as some key suppliers want outstanding debts repaid upfront to guarantee continuing to provide products to the chain. Doug Putman, who engineered a turnaround of HMV in the UK and owns Toys R Us in Canada, has been negotiating a deal to save as many as 300 of Wilko's 400 stores, throwing a lifeline to its more than 12,000 staff. - Guardian

Developed and emerging economies must use a summit this weekend to forge an international agreement to increase wealth taxes on the global rich, campaigners have said. In an open letter to the G20 before its meeting in Delhi, the group of almost 300 millionaires, economists and politicians say urgent action is needed to prevent extreme wealth "corroding our collective future". - Guardian

The era of cheap energy prices in Britain is over, families have been warned, with households facing a fresh rise in their bills next year. Investec on Monday predicted that the energy price cap will go back above £2,000 in January, marking the first increase in a year. - Telegraph

The world's super-rich are ploughing some of their millions into London offices, partly because they want to point them out to their friends while wandering through Mayfair and the West End. Over the past 12 months, ultra-high-net-worth individuals and cash-rich family estates have bought offices in the capital worth about £1.3 billion, data from Knight Frank, the property agent, shows. - The Times

More than a fifth of savers have lowered their pension contributions or have stopped paying into a retirement pot because of mounting pressures on the cost of living, research suggests. In a poll of 2,000 people, 8 per cent said they had cut the amount they paid into a retirement scheme and a further 14 per cent said they had scrapped contributions altogether. - The Times

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Thursday newspaper round-up: CMA, Riverford, Lloyds, Arm Holdings
(Sharecast News) - The appointment of the former boss of Amazon UK to lead the competition watchdog poses a threat to its independence and pledge to hold big tech to account, according to a group including tech companies and the former business secretary Vince Cable. The group - which includes the News Media Association, the Firefox developer Mozilla, the consumer group Which? and the Future of Technology Institute - has written to the chancellor, Rachel Reeves, to raise concerns about the appointment of Doug Gurr as the interim chair of the Competition and Markets Authority (CMA). - Guardian
Wednesday newspaper round-up: Thames Water, Johnson & Johnson, BoE
(Sharecast News) - Thames Water may need as much as £10bn in debt and equity investment to repair its finances, according to a representative of creditors hoping to lend the struggling utility another £3bn. London's high court heard evidence on Tuesday that suggested the UK's largest water company may need significantly more resources than the roughly £6.3bn it has previously indicated. - Guardian
Monday newspaper round-up: Zero-hours contracts, Barclays, Asos
(Sharecast News) - Hundreds of thousands of British workers are on zero-hours contracts despite being with the same employer for years, according to analysis from the TUC. The majority of zero-hours contract workers have been with their employer for more than 12 months, while one in eight have not been granted regular employment rights after more than a decade working in the same place, the organisation said. - Guardian
Friday newspaper round-up: Apple, Daily Mail, OpenAI, Homebase
(Sharecast News) - Apple slightly beat analysts' expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker's revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts' expectations of $2.35. Shares rose more than 8% in extended trading after CEO Tim Cook indicated in an earnings call on Thursday that Apple is on the trajectory for revenue growth next quarter. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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